Thomson Renames Grass Divisions
PARIS and RENNES, FRANCE:
Technicolor is renaming its transmission and headend businesses, which were formerly a part of its Grass Valley division. The two business units will now operate as standalone entities under the names Thomson Broadcast and Thomson Video Networks.
Thomson Broadcast will continue providing services and gear for terrestrial television, radio, and scientific transmission applications, including antennas, transmitters and Digital Radio Mondiale radio systems. Nicolas Dallery has been appointed to head Thomson Broadcast.
Thomson Video Networks does video compression and headend content processing. Christophe Delahousse will continue to head Thomson Video Networks.
Thomson announced the divestiture of Grass Valley in July to a private equity firm in San Francisco for $100 million. The transmission and headend businesses were not included in the deal.
Deborah D. McAdams
July 26, 3010
PE Firm Makes $100 Million Binding Offer for Grass Valley
A San Francisco private-equity firm has made a $100 million binding offer for Technicolor’s Grass Valley business. Francisco Partners made the offer to take Grass Valley from Technicolor--formerly Thomson, which put the division up for sale 18 months ago.